YTL withdraws from Project 4A

KUALA LUMPUR: YTL Power International Bhd is withdrawing from a consortium which was given the go-ahead to develop a 1,000MW to 1,400MW combined cycle power plant in Johor.

It said on Wednesday it had pulled out of the power plant development, called Project 4A, because of "misconception" over the way the contract was awarded. The consortium includes SIPP Sdn Bhd and Tenaga Nasional.